S&P 500 Price Forecast – S&P 500 The E-mini Contract Stalls

S&P 500 Technical Analysis

The S&P 500 E-mini contract has gone back and forth during the course of the trading session on Friday, as the market is threatening the 4000 level. That being said, the 200-Day EMA is sitting just above there, and that of course comes into the picture as well. If we were to turn around and break down below the 3900 level, then it is possible that we could go down to the 50-Day EMA, sitting right around the 3833 level.

After the CPI number, people went absolutely ballistic on Thursday, as inflation is “only 7.7% year-over-year.” That’s ridiculous to think that suddenly the Federal Reserve is going to slow down, so I think this might be a nice opportunity to short this market. However, if we were to break above the 200-Day EMA, it would bring a lot of people into the markets, based upon algorithmic trading and the fact that the 200-Day EMA attracts a much attention to begin with. The 4200 level would be your target there, and then possibly the 4300 level.

The only thing I think you can count on in this market, or any other one for that matter, is going to be volatility. This is a market that I think you will continue to see a lot of noise and, and that’s definitely going to be the case as it’s difficult to imagine how the Fed is suddenly going to slow down. Because of this, I think you get a situation where you will have to be cautious, but you also need to understand that explosive moves tend to happen in bear markets.

US Stock Market Forecast Video for 14.11.22

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